---
schema_version: "secwatch.filing_event.v1"
accession: "0000107815-23-000221"
form_type: "8-K"
ticker: "WEC"
cik: "0000783325"
company_name: "WEC ENERGY GROUP, INC."
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T05:11:51.277123+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# WEC Energy Group Q3 net income rises to $1.00/share; reaffirms FY 2023 guidance

## Summary
- Q3 2023 net income $316M ($1.00 EPS) vs $302M ($0.96 EPS) a year ago.
- Nine-month net income $1.11B ($3.52 EPS) down from $1.16B ($3.65 EPS).
- Consolidated revenues $6.7B for 9 months, down $363.5M from prior year.
- Reaffirms 2023 EPS guidance $4.58-$4.62, expects upper half; normal weather assumed.
- Retail electricity deliveries (ex-iron ore mine) fell 1.3% vs Q3 2022.

## SEC filing metadata
- accession: 0000107815-23-000221
- form_type: 8-K
- ticker: WEC
- cik: 0000783325
- company_name: WEC ENERGY GROUP, INC.
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/783325/000010781523000221/0000107815-23-000221-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/783325/000010781523000221/wec-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000107815-23-000221
- JSON: https://secwatch.observer/filing/0000107815-23-000221.json
- Plain text: https://secwatch.observer/filing/0000107815-23-000221.txt

## Key facts
- Earnings Releases
  WEC ENERGY GROUP, INC. reported the quarter ended September 30, 2023 results: net income $316.0 million, or $1.00 per share, EPS $1.00 per share. Guidance reaffirmed.
  - Period: the quarter ended September 30, 2023
  - Net income: $316.0 million, or $1.00 per share
  - EPS: $1.00 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: WEC Energy Group reports third-quarter results MILWAUKEE – WEC Energy Group (NYSE: WEC) today reported net income of $316.0 million, or $1.00 per share, for the third quarter of 2023 – up from $302.0 million, or 96 cents per share, in last year's third quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/783325/000010781523000221/0000107815-23-000221-index.htm
- Earnings Releases
  WEC ENERGY GROUP, INC. reported the nine months ended September 30, 2023 results: revenue $6.7 billion, net income $1.11 billion, or $3.52 per share, EPS $3.52 per share. Guidance reaffirmed.
  - Period: the nine months ended September 30, 2023
  - Revenue: $6.7 billion
  - Net income: $1.11 billion, or $3.52 per share
  - EPS: $3.52 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: For the first nine months of 2023, the company recorded net income of $1.11 billion, or $3.52 per share – down from $1.16 billion, or $3.65 per share, in the corresponding period a year ago. Consolidated revenues totaled $6.7 billion for the first nine months of 2023, down $363.5 million from revenues for the first nine months of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/783325/000010781523000221/0000107815-23-000221-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.